Philip Bailey Architects Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03926876 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31st March 2015

for

Philip Bailey Architects Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

P J Bailey

Mrs X Bailey

SECRETARY:

P J Bailey

REGISTERED OFFICE:

3 College Yard

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

REGISTERED NUMBER:

03926876 (England and Wales)

ACCOUNTANTS:

Wilton Mutlow & Co Limited

Accountants and Tax Advisors

3 College Yard

Lower Dagnall Street

St Albans

Hertfordshire

AL3 4PA

FIXED ASSETS

Tangible assets

2

19,032

21,523

CURRENT ASSETS

Debtors

27,955

58,421

Prepayments and accrued income

900

12,794

Cash at bank

40,467

49,386

69,322

120,601

CREDITORS

Amounts falling due within one year

33,115

42,857

NET CURRENT ASSETS

36,207

77,744

TOTAL ASSETS LESS CURRENT LIABILITIES

55,239

99,267

PROVISIONS FOR LIABILITIES

1,170

1,560

NET ASSETS

54,069

97,707

CAPITAL AND RESERVES

Called up share capital

3

101

102

Share premium

3,998

3,998

Capital redemption reserve

1

-

Profit and loss account

49,969

93,607

SHAREHOLDERS' FUNDS

54,069

97,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16th November 2015 and were signed on its behalf by:

P J Bailey - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

79,945

Additions

523

Disposals

(5,105

)

At 31st March 2015

75,363

DEPRECIATION

At 1st April 2014

58,422

Charge for year

2,627

Eliminated on disposal

(4,718

)

At 31st March 2015

56,331

NET BOOK VALUE

At 31st March 2015

19,032

At 31st March 2014

21,523

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary C

£1

1

2

(2014 - 2 )

75

Ordinary A

£1

75

75

25

Ordinary B

£1

25

25

101

102

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £39,000 (2014 - £34,000) were paid to the directors .

Mr K Bailey and Mr O Bailey

Sons of directors

The directors' son Mr K Bailey received dividends in the amount of £11,250 in the year.

The directors' son Mr O Bailey sold his share to the company for the sum of £2,000 in the year.